Microchip Technology Incorporated $MCHP Shares Bought by Banco Santander S.A.

Banco Santander S.A. lifted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 104.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 76,981 shares of the semiconductor company’s stock after buying an additional 39,280 shares during the quarter. Banco Santander S.A.’s holdings in Microchip Technology were worth $4,944,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Winnow Wealth LLC bought a new position in shares of Microchip Technology in the third quarter worth $25,000. Root Financial Partners LLC acquired a new stake in Microchip Technology in the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC grew its holdings in shares of Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 329 shares during the last quarter. Quent Capital LLC purchased a new position in Microchip Technology in the 3rd quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Microchip Technology by 106.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 267 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wolfe Research set a $85.00 target price on Microchip Technology in a report on Tuesday, January 6th. KeyCorp reissued an “overweight” rating and set a $85.00 price objective on shares of Microchip Technology in a report on Friday, February 6th. Citigroup dropped their target price on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen reduced their target price on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Buying and Selling

In other news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the transaction, the chief executive officer directly owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.94% of the company’s stock.

Microchip Technology Trading Down 0.4%

NASDAQ MCHP opened at $74.64 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $40.39 billion, a PE ratio of -257.38, a P/E/G ratio of 1.89 and a beta of 1.46. The stock has a 50-day simple moving average of $73.81 and a 200 day simple moving average of $66.57. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $83.35.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a $0.455 dividend. The ex-dividend date is Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.